Citi analyst Paul Lejuez upgrades $Capri Holdings (CPRI.US)$ to a buy rating, and adjusts the target price from $21 to $29.
According to TipRanks data, the analyst has a success rate of 58.1% and a total average return of 9.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Capri Holdings (CPRI.US)$'s main analysts recently are as follows:
Capri Holdings has faced significant challenges recently, but market assessments seem to overly pessimistic, treating the company's brands as if they were severely declining. Analysts counter this view, believing there exists a highly favorable risk/reward scenario should conditions improve. Signs of stabilization or advancements could potentially enhance the company's stock value. Furthermore, successfully monetizing one or more of its brands could reveal the actual market value of its assets.
The year 2025 is anticipated to favor selective investors in the Retailing, Specialty Softlines, and E-Commerce sector, influenced by recovery dynamics and unique setups. A cautiously optimistic view is held for the company's revenue post a turbulent 2024, buoyed by stable and healthy demand in the U.S., with indications of stabilization in Europe as well.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
